The salaries of State owned logistics company, Transnet CEOs have been revealed in the latest financial statements.
Transnet made a profit of R5 Billion for the first time after a long loss making period.
The salaries of the top executives were revealed as follows:
Group CEO Portia Derby gets a salary of R8, 5 Million.
Siza Mzamela, CEO of Transnet Freight Rail earns R6.1 Million.
Pepi Silinga, CEO of Transnet Port Authority earns R5. 9 Million.
Group CFO, Nonkululeko Dlamini earns R5. 8 million.
While the Group Legal Officer, Sandra Coetzee earns R5. 4 Million.
These amount excludes bonuses and benefits under the Transnet Turnaround Incentives.